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The Bag With The Swag: Coach Initiated At Buy After 'Game-Changer' Kate Spade Acquisition
Friday, June 30, 2017 - 10:39am | 485Coach Inc (NYSE: COH)'s "revival" over the past two years has been notable but may be overshadowed by its "game-changer" acquisition of Kate Spade & Co (NYSE: KATE), Canaccord Genuity's Camilo Lyon said in a research report in which he initiates coverage of Coach's stock with a Buy rating and $...
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Wall Street Reacts To Nike's Q3 Results
Wednesday, March 22, 2017 - 2:50pm | 844Nike Inc's (NYSE: NKE) revenue miss in its third quarter earnings report resulted in a more than 5 percent decline in the stock. As investors sent a clear signal they aren't impressed with the report and the company's outlook, were Wall Street analysts equally as disappointed? Don...
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Canaccord Is 'Cautious' Heading Into Michael Kors' Report
Monday, February 6, 2017 - 10:57am | 370Canaccord Genuity’s Camilo Lyon maintains a cautious stance on Michael Kors Holdings Ltd (NYSE: KORS) ahead of the company’s fiscal third-quarter results release on February 7, while maintaining a Buy rating on the company and a price target of $45. FQ3 Expectations The analyst expects...
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Finish Line Has 'Few Catalysts,' Canaccord Says In Its Downgrade
Thursday, December 22, 2016 - 10:13am | 281Finish Line Inc (NASDAQ: FINL) reported disappointing FQ3 results mainly due to a significant decline in soft goods comps. The apparel comp drag is likely to continue through the first half of 2017, and there seem to be few catalysts to drive the company’s shares, Canaccord Genuity’s...
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These 2 Analysts Are Bullish On Under Armour But Disagree Over Nike
Wednesday, December 21, 2016 - 2:17pm | 282Under Armour Inc (NYSE: UAA) is one of 2016's most beaten up S&P 500 components, but Wall Street analysts aren't ready to throw in the towel on the apparel and footwear maker. Camilo Lyon of Canaccord Genuity was a guest on CNBC's "Squawk Box" segment on Wednesday and was asked if he would pick...
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Lululemon Downgraded To Sell Amid Shift From Athleisure To Denim
Friday, December 2, 2016 - 9:39am | 318Shares of Lululemon Athletica inc. (NASDAQ: LULU) were down 3 percent in pre-market hours Friday after Canaccord Genuity downgraded the stock to Sell from Hold on stiffening category headwinds. Analyst Camilo Lyon’s downgrade stems from the following three issues: “A tough pant...
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The Bullish And Bearish Points Of Foot Locker's Solid Q3
Monday, November 21, 2016 - 1:28pm | 400The better-than-expected EPS of Foot Locker, Inc. (NYSE: FL) underscores the company’s broad-based strength in both footwear and apparel and its swiftness in adapting to trend shifts, according to a note from Canaccord Genuity. Rating The brokerage, which reiterated its Buy rating and $79...
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Canaccord Not Looking To Snatch Shares Of Michael Kors Ahead Of Challenging Q2
Tuesday, November 8, 2016 - 3:53pm | 334Michael Kors Holdings Ltd (NYSE: KORS) has had a solid year from a stock perspective, but Canaccord analysts aren’t sold on the brand heading into its second-quarter report due out on Thursday. Sidelined And Cautious Canaccord remains cautious on the accessory and footwear/apparel maker,...
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Lululemon May Have Finally Reached Major Inflection Point In Q2
Tuesday, August 30, 2016 - 1:45pm | 386Camilo Lyon of Canaccord Genuity is expecting Lululemon Athletica inc. (NASDAQ: LULU) to report "solid" second-quarter results in its earnings report on September 1. However, the near-term positive view is overshadowed by a difficult bottom half of the year. Lyon is expecting Lululemon to earn $0....
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Staying Neutral Ahead Of Earnings, Canaccord Uncertain Hibbett Sports Sales Trends Have Improved
Thursday, August 18, 2016 - 1:30pm | 383As Hibbett Sports, Inc. (NASDAQ: HIBB) is getting ready to announce its second-quarter results on August 19, Canaccord Genuity is not sure whether the company's sales trends have improved. The brokerage maintains its Hold rating and price target of $36. In the last four quarters, the company's EPS...
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Despite $6 Price Target Cut, Canaccord Was Pleasantly Surprised By VF Corp's Q2 Results
Monday, July 25, 2016 - 3:49pm | 233Canaccord Genuity reiterated its Buy rating on VF Corp (NYSE: VFC) as it was "pleasantly surprised" with continued demand for Vans that lead to better-than-expected Q2 results. The brokerage, however, cut the price target by $6 to $76 as the visibility into an acquisition has become...
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Under Armour's Q2 Earnings: What To Watch For
Monday, July 25, 2016 - 3:28pm | 432Under Armour Inc (NYSE: UA) is set to release its Q2 earnings Tuesday before the market opens. Analyst estimates are looking for revenue to come in slightly over the $1 billion mark and EPS at $0.01 per share vs $0.04. Under Armour has delivered over 20 percent top-line growth for a remarkable 24...
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V.F. Corp's Contemporary Division Sale Welcomed By Canaccord Analysts
Friday, July 1, 2016 - 1:35pm | 284Canaccord Genuity reaffirmed its Buy rating on VF Corp (NYSE: VFC) and welcomed the apparel company's sale of its contemporary unit and expects similar deals in future. As part of its strategy to overhaul its portfolio, V.F. Corp agreed to sell its contemporary brands business to Israeli textile...
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Finish Line's Q1 Results Show Potential For Upside In 2H
Monday, June 27, 2016 - 10:46am | 457The first quarter beat of Finish Line Inc (NASDAQ: FINL) sets the stage for building momentum in the second half of the year, according to a note from Canaccord Genuity. The company's Q1 EPS of $0.23 beat Canaccord's $0.20 estimate (consensus was $0.22), as a softer comp (+1.5 percent vs. Canaccord...
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Reaction To Criticism Of 'Chef Curry' Shoe Cooking Up Buying Opportunity For Under Armour
Friday, June 17, 2016 - 11:03am | 348Under Armour Inc (NYSE: UA)'s stock continues to trade within striking distance of its 52-week low of $35.35 but Camilo Lyon of Canaccord Genuity thinks now is a good time to buy the stock. According to Lyon, social media and entertainers such as Stephen Colbert are blasting Under Armour...